NewzData released by Cox Automotive reveals a significant surge in the used electric vehicle market, with sales jumping 7.7 percent from June to July and increasing 10.1 percent compared to the previous year. Industry analysts described the demand for secondhand electric vehicles as exceptionally strong.
In contrast, the market for new electric vehicles experienced more restrained growth. New EV sales saw a modest 3.2 percent increase month-over-month and were down significantly compared to 2025 figures.
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